Matrimony.com slips ~2% ahead of BuyBack Committee meeting on June 22

17 Jun 2022 , 10:13 AM

Matrimony.Com Limited has informed the investors and exchanges that the meeting of the Buy Back Committee of the Board of Directors of the company is scheduled to be held on Wednesday, June 22, 2022.

Post this development, Matrimony’s counter slipped nearly 2% in today’s trade so far.

At around 10.03 AM, it was trading at Rs775.75, down by 1.66% against its previous close of Rs786.80 on the National Stock Exchange.

The company stated in its filing that this meeting is to be held to consider and approve the final terms and conditions of Buy Back of Equity Shares of the Company. It will also fix up the record date for the purpose of determining the names of the equity shareholders who are eligible to participate in the Buy Back and their entitlements.

The company will announce the results of the postal ballot seeking shareholders’ approval for the Buy Back prior to the meeting.